In this episode, we are joined by Michael Morgan, the SVP of Strategic Analysis at Community Hospital Corporation. Michael explains rural hospital transformation, how federal programs are impacting rural hospitals, specific factors that may require rural hospital leaders to consider converting their facility, and alternatives to consider. This episode is sponsored by Community Hospital Corporation.
Summary
Exploring Rural Hospital Transformation with Michael Morgan at Community Hospital Corporation
Rural Hospital Transformation: A Necessary Shift
Michael Morgan, the SVP of Strategic Analysis at Community Hospital Corporation, joined us on this episode to discuss rural hospital transformation. According to Michael, federal programs like the Rural Emergency Hospital designation are changing the landscape of rural healthcare. While it provides recurring funding, hospitals must suspend all inpatient services to acquire the status.
The Benefits and Risks of Rural Emergency Hospital Designation
Michael also discussed the financial benefits and risks associated with the Rural Emergency Hospital designation. Rural hospital leaders must make difficult decisions to convert their facilities. They must also consider specific factors like location, population, and need, among others.
Operation Model Change: Pros and Cons
Michael highlighted the pros and cons of operation model change for hospitals. He also shared available alternatives for those who may not want to convert their hospital facilities. The Community Hospital Corporation, where Michael works, collaborates with rural hospitals and communities to provide resources for navigating such difficult decisions.
Community Hospital Corporation: Empowering Rural Hospital Transformation
This episode is sponsored by Community Hospital Corporation. Michael emphasized the Hospital Corporation's commitment to empowering rural hospitals and communities to make transformational decisions that benefit patients.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 04/27/2023 and can be listened here.
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